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Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. $ Gain on sale of equipment Office supplies expense Insurance expense
Fit-for-Life Foods reports the following income statement accounts for the year ended December 31. $ Gain on sale of equipment Office supplies expense Insurance expense Sales Office salaries expense Rent expense-Selling space Sales staff wages $ 6,190 700 1,360 227,000 31,100 12,000 23,800 Depreciation expense-Office copier Sales discounts Sales returns and allowances TV advertising expense Interest revenue Cost of goods sold Sales commission expense 560 16,900 4,100 3,500 650 88, 700 13,600 Prepare a multiple-step income statement. FIT-FOR-LIFE FOODS Income Statement For Year Ended December 31 0 0 0 Expenses Selling expenses 0 0 Expenses Selling expenses 0 Total selling expenses General and administrative expenses Total general and administrative expenses 0 Total expenses 0 0 Other revenues, gains, expenses & losses Total other revenues, gains, expenses & losses 0
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